Challenges doing business in south

korea
Inflation in Neighboring Countries
Exposure to China
Navigating U.S. Rate Hikes
Structural Issues
 Oppurtunity doing business in south
korea
Mining
South Korea has few natural resources of its own and imports a significant proportion of its resources
Australia provides a high volume of raw materials to South Korea
Coal, iron ore and crude petroleum are Australias key mining exports to South Korea

Agriculture
Australia is the third biggest supplier to Korea for agriculture and food-related products
South Korea is an important market for Australian beef exports were valued at A$942 million in 2014
The free trade agreement now in force between Australia and South Korea is expected to
further open up
opportunities for beef, dairy, fruit, vegetables, sugar and wheat

Services
Service exports to Korea were worth A$1.4 billion in 2014
Education is a major services export market South Korea is Australia's third largest source
of foreign student enrolments after China and India
Tourism is another key export market South Korea is Australias ninth largest source of
visitor arrivals, although this has flattened out in recent years
 9. propose a product to enter the south korea and
specify what you see in this country as an opportunity.
Rice

South Korea is the worlds 12th-largest economy. Over the next five years, it is set to make the 10th-
largest contribution to world growth more than France or Italy and roughly the same as the UK.

South Korea is a world leader in electronics, shipbuilding, steel and automotive.

Nearly three quarters (74%) of South Koreans undertake postgraduate-level education. The country
spends 7% of GDP on education.

South Korea has the highest level of broadband penetration in the world, with speeds of 100
megabytes. Pilots are now using 1GB broadband to allow consumers to download HD television. It
also leads the world in 3G mobile usage and technology.

The South Korean government is committed to green growth. It has pledged to spend US $50
billion, or 2% of GDP, over the next five years to transform South Korea into a low carbon, green-
growth economy.